MIT offers $200k prize for alternative energy technologies
Announced today, the MIT Clean Energy Entrepreneurship Prize is being funded by utility company NStar Electric & Gas Corp. and the U.S. Department of Energy. "The ultimate goal of this contest is to find innovative solutions to transform today's energy systems into tomorrow's sustainable energy future," said MIT President Susan Hockfield in a statement.
The contest is designed to speed up the development of alternative energy. MIT is encouraging start-up student and professional teams, regardless of their backgrounds or experience, to participate. As the competition progresses, the teams will be put through a "rigorous" mentoring, coaching and selection process.
